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All that happened in the PE/VC and M&A space last week

By Keshav Sunkara

  • 06 Feb 2017

Wipro Ltd and financial services firm Centrum Capital were involved in investment deals in the week gone by while Piramal Enterprises Ltd and Metropolis Healthcare struck M&A deals.

Wipro, India’s third-largest software exporter, made an undisclosed investment in San Francisco-based information technology company Tradeshift through its investment arm Wipro Ventures.

 

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In another deal, Centrum Capital’s foreign exchange business unit, CentrumDirect, is raising capital from New York Life-backed private equity firm Jacob Ballas.

In M&A deals, Piramal Enterprises agreed to acquire a portfolio of drugs from UK-based Mallinckrodt LLC for $171 million with an additional $32 million payable depending on the performance of the assets over the next three years.

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Japan’s JTEKT Corporation is buying its joint venture partner Sona Autocomp Holding from Sona Koyo Steering Systems Ltd for $62 million. The Japanese company also made an open offer to acquire a 26% stake in the auto-parts maker from public shareholders.

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